Bias: Neutral, be cautious, wait and see. Top watches: Long - PEP, MRNA, FREY, NVAX, COIN. Short - CCJ, BA
Bias: Bearish Neutral. Top Watches: Long - AMGN, COIN, JOBY, MO, AAL. Short - JPM, RBLX, META, JD, INTC
Bias: Bearish Top Watches: Long - DKNG, ABT, AEHR, PAYO. Short - PLUG, CVS, TSLA, INTC, CVNA, CCL, AMD
Bias: Neutral, wait and see. Top watches: Long - PINS, MARA, FREY, TTWO, CAG. Short - T, MT
Bias: Bearish Chop. Top Watches: Long - F, JD, EMR, PDD, ABNB, BABA. Short - FRO, APRN.
Bias: Bullish Top Watches: Long - FSLR, AMZN, POSH, FREY, SCHW, PINS, GILD. Short - n/a
Market Bias: Bullish. Top Watches: Long - STNE, PINS, MYOV, OXY, XOM, COP. Short - TSLA, LTHM, APRN
Market Bias: Bull Chop. Favorite Ideas: Long - NOV, SBUX, MSFT, PLTR. Short - NKE, LULU, UA
Market Bias: Chop. Favorite Ideas: Long - FCX, AA, PLTR, CENX. Short - KMX, RAD, STLA, STM, AMPS The SPY looks like it may just chop around and have an inside day. There is a lot of support below and lots of selling pressure above. It is tough to say which direction this will go but if I had to lean to one side it would be bullish. This market still has not...
RIVN could be a potential long trade for a few reasons: First, it is forming a Buy Setup on the daily chart and it just put it a new higher low at an area of strong support On entry, RIVN would be breaking out over three major daily moving averages (9 SMA (Purple), 21 SMA (Blue), 50 SMA (Yellow)) with room to correct to the 200 MA (Orange) In support of the...
CVS is shaping up to be a nice short trade for a couple of reasons: First, CVS broke trendline support, the $100 area, and four major moving averages (9SMA(purple), 21SMA(blue), 50SMA(yellow), 200SMA(orange) Second is the because it is forming a clean breakdown pattern with an achievable & worth while reward to risk Last is because CVS is a down trending stock...
Market Bias: Bull chop Favorite Ideas: Long - LLY, SAVA, NFLX, JNJ. Short - AAPL, SAND, MT, QCOM, TSM The SPY is at resistance near the 360 area which has held the past three days as well as back in mid June. I think it is more likely that we get a bounce before breaking down lower. The bounce will not be smooth however as 370 has been sold into heavily for...